Staying informed about taxes doesn’t have to be complicated. At True Path Tax Services, we want our clients to feel confident and prepared year-round. That’s why we share helpful tax tips, money-saving strategies, and updates on the latest changes to tax laws—all in one place.
Top 5 Deductions Most People Miss
Even the most careful filers often overlook deductions that could save them hundreds or even thousands of dollars. Here are five common ones you don’t want to miss:
Student Loan Interest – You may qualify to deduct up to $2,500 in interest paid on student loans, even if you don’t itemize.
Home Office Deduction – If you work from home, you may be able to deduct expenses like a portion of your rent, utilities, or internet bill.
Medical Expenses – Certain medical and dental costs that exceed a percentage of your income may qualify for deductions.
Charitable Contributions – Donations to qualifying charities, including non-cash items, may reduce your taxable income.
State Sales Taxes – In some cases, you can deduct sales tax paid on major purchases such as cars, boats, or home building materials.
